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Jan 12, 2013
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deficit piles up into national debt. i'm joined by senior political columnist of the daily beast and mayaguinness. maya, should the debt ceiling be the place to argue about spending cuts? >> in the past, the debt controlling has been used responsibly, to help us push for making changes to the budget when we're on an unsustainable course. can you kind of think of it as a speed bump. we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed bump, or is this somehow -- is it political? >> tees taes deeply political, cycle of revenge and recrimination. it's the definition of insanity, doing somethi
deficit piles up into national debt. i'm joined by senior political columnist of the daily beast and mayaguinness. maya, should the debt ceiling be the place to argue about spending cuts? >> in the past, the debt controlling has been used responsibly, to help us push for making changes to the budget when we're on an unsustainable course. can you kind of think of it as a speed bump. we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and...
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Jul 27, 2013
07/13
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so instead of having a conversation about the size of the deficit and bringing that down, it will be more about things like education, jobs, retirement savings, it's the white house's view that the president does better when he can focus on those kinds of topics that the american public can understand and relate to than when it's entirely about the deficit, and that's why they think his numbers come down when he is locked in battle in congress in washington, you see his numbers come down, and when he goes out to the people his numbers tend to rebound, but i would just throw up a note of caution here, which is that, look, this is a little bit of the same dynamic we have seen before, one person -- he has been out there attacking congress this week, and congress is accusing him of being an engine of division, and it's a role reversal but same dance we have seen for a lot of years. >> kevin, the president calling out republicans for not tangoing, and saying you can't be against something and you have to be for something, and democrats passing around bumper stickers on twitter, and it's l
so instead of having a conversation about the size of the deficit and bringing that down, it will be more about things like education, jobs, retirement savings, it's the white house's view that the president does better when he can focus on those kinds of topics that the american public can understand and relate to than when it's entirely about the deficit, and that's why they think his numbers come down when he is locked in battle in congress in washington, you see his numbers come down, and...
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Dec 9, 2012
12/12
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we need to save more in this country and w count country and we need to get a handle on this deficit problem. but ronald reagan didn't get us into any wars, we had a police action in grenada, in eight years, that was it, yeah, you got to be strong, you got to maintain a strong national defense, fight against budget cuts and so forth. but unless there's a very large national interest involved, it can -- it's sometimes very counter productive to engage in some of these activities overseas, where right now, for instance, there's a lot of pressure on president obama to intervene militarily in syria, that would be the worst thing in the world we could do in my opinion. we should support the syrian opposition, politically, diplomatically, economically, but not militarily, because t t that's a slippery slope once you get into it. >> not even a no fly zone? >> i don't know, if you start a no fly zone, you got to get into the anti-aircraft batteries. but the government is going to fall. so i think the policy that the administration's following on syria is absolutely the right policy to follow
we need to save more in this country and w count country and we need to get a handle on this deficit problem. but ronald reagan didn't get us into any wars, we had a police action in grenada, in eight years, that was it, yeah, you got to be strong, you got to maintain a strong national defense, fight against budget cuts and so forth. but unless there's a very large national interest involved, it can -- it's sometimes very counter productive to engage in some of these activities overseas, where...
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Jun 22, 2012
06/12
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we have a trillion dollar annual deficit. i have a plan that would fix social security for 75 years and a plan that reforms medicare. i just can't get anybody on the other side to talk to me about it. >> we talked recently. you said, look, i'm willing to close loopholes that make the wealthy pay more. are you willing to keep loopholes that help the poor? child credit, earned income tax credit, social security, some of the things that help the poorest of the country, would you keep those in place? >> yeah, if it meant getting to a final overall revenue neutral tax deal. we had to keep earned income tax credit? yeah, there are a lot of things we could do. overall, less deductions, more simplicity, lower rates to encourage economic growth. the reason we don't have as much revenue as we used to as a percentage of gdp, is because the economy's slow. if the economy were growing again, much of our deficit problem would become much smaller. we have a spending problem up here. we're spending nearly 25% of gdp it it's 24-some-odd perce
we have a trillion dollar annual deficit. i have a plan that would fix social security for 75 years and a plan that reforms medicare. i just can't get anybody on the other side to talk to me about it. >> we talked recently. you said, look, i'm willing to close loopholes that make the wealthy pay more. are you willing to keep loopholes that help the poor? child credit, earned income tax credit, social security, some of the things that help the poorest of the country, would you keep those...
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Feb 2, 2013
02/13
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that shortfall is called the deficit. when you add together all the annual deficits and the interest on them, you get the national debt. today that stands at $16.4 trillion and a whole lot of change. that comes out to $52,000 for every american man, woman, and child. economists agree the best way to bring down that number is to grow the economy. that means more tax revenue coming in and fewer people relying on the social safety net. new numbers show the economy isn't growing. the economy is shrinking. america's gdp fell by an annual rate of 0.1% in the last quarter of last year. the last time that hand was during the recession. economics professor and unapologetic liberal paul krugman says the u.s. needs to wait for economic growth come back before even thinking about spending cuts. >> the power of the household analogy is very strong. remember, we all -- the liberal leeng congress made fun of boehner when he said families have to tighten their belts, the government does, too. that's stupid. three months later, obama was
that shortfall is called the deficit. when you add together all the annual deficits and the interest on them, you get the national debt. today that stands at $16.4 trillion and a whole lot of change. that comes out to $52,000 for every american man, woman, and child. economists agree the best way to bring down that number is to grow the economy. that means more tax revenue coming in and fewer people relying on the social safety net. new numbers show the economy isn't growing. the economy is...
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Jun 29, 2012
06/12
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the deficit. a lot of immigration. all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost $2.6 trillion over the next ten years. that's quite a bit of money. and in terms of whether or not the republicans will take over the senate, we'll certainly hold the house. and we have all expectations and are optimistic we'll take control of the senate. we don't necessarily need a republican majts. we're already seeing democrats distance themselves from the president. look at mccaskill. they're also distancing themselves from the president. so they're going to break ranks with the democrats if this is, you know, we get back to november because they're not going
the deficit. a lot of immigration. all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost...
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Nov 18, 2012
11/12
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we've had four straight years of trillion dollar plus deficits. you can't continue this and have economic vitality, which is what we actually need. pro-growth policies to get this economy rolling, get jobs created again. >> senator, again, you're hopeful because you think people have listened to what the american people said and, yet, i'm not sure i'm hearing it here. are you hearing it elsewhere in the halls of congress that, in fact, republicans will look at specifically the tax -- raising taxes on those making $250,000 or more? >> candy, have you to be careful. if you talk about taxes they run for the hills. they'll sit still tore for revenue reform. i would say to my friend, the congressman, he said that the sparing the middle income families doesn't solve the problem. well, it solves the problem for middle income families in america. what it does say is when it comes to tax increases, let's go to those that can afford to pay. they should pay a little more. they've been blessed with success. they live in the greatest nation on earth. paying a
we've had four straight years of trillion dollar plus deficits. you can't continue this and have economic vitality, which is what we actually need. pro-growth policies to get this economy rolling, get jobs created again. >> senator, again, you're hopeful because you think people have listened to what the american people said and, yet, i'm not sure i'm hearing it here. are you hearing it elsewhere in the halls of congress that, in fact, republicans will look at specifically the tax --...
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May 25, 2012
05/12
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the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really play with these numbers to see. what we do see, though, there hasn't been the explosion in spending that romney has been saying. >> no, and i don't want to get into the details of the numbers, but they also found federal spending under obama as a percent of gdp is higher than most of the past 60 years and the obama health care plan isn't even included in any of these numbers. so i understand numbers can be made to look a lot of different ways. but i think one thing to take away from this is the president's story on this is much better than a lot of the american people g
the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really...
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May 19, 2012
05/12
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the other thing to say, right now trying to bring that budget deficit down doesn't even work. doesn't work in purely fiscal terms. it shrinks the economy, damages our long-run growth, because when workers have been unemployed for a long period of time, they eventually drop out of the labor force and don't come back. students never get their careers started out of college and those are our future taxpayers you're undermining. so this is not the time. >> i'm interested in, on the bush tax cuts and the wars, certainly they are the two biggest components of the deficit, but they're done. right? it's in the rearview mirror. ken rogoff, you know him well, has written extensively of countries getting out of debt crises, said once your debt is 90% of the economy, growth is choked off. we're at 101% and growing every day. >> i disagree very strongly with his conclusion. i think he's got the causation backwards. if you look at it, most of the cases that he points to, which are high debt and low growth, it's actually the low growth that led to the high debt. japan is deeply in debt and i
the other thing to say, right now trying to bring that budget deficit down doesn't even work. doesn't work in purely fiscal terms. it shrinks the economy, damages our long-run growth, because when workers have been unemployed for a long period of time, they eventually drop out of the labor force and don't come back. students never get their careers started out of college and those are our future taxpayers you're undermining. so this is not the time. >> i'm interested in, on the bush tax...
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Apr 6, 2013
04/13
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the end of last year everyone was waiting to see what happened with the tax increases w deficit talks and we got over that and there was this sense of okay, things are booming, consumers are spending. if you look at the jobs numbers they haven't changed that much in the last few years. wages are not up. if you think about our consumer economy, 70% is based on consumer spending you can't have a sustained robust recovery unless people have more money to spend and that requires the unemployment rate going down so it's a chicken and egg cycle. >> greg, republicans jumped on this report, house speaker john boehner saying "the president's policies continue to make it harder for americans to find work. hundreds of thousands fled the workforce last month and unemployment remains far above what the administration promised when it enacted its stimulus spending plan." is that politics or is that fair? >> that's politics. i think, christine, that boehner and the republicans were largely responsible for the sequester and we don't know for sure how much the sequester impacted this number. it was a
the end of last year everyone was waiting to see what happened with the tax increases w deficit talks and we got over that and there was this sense of okay, things are booming, consumers are spending. if you look at the jobs numbers they haven't changed that much in the last few years. wages are not up. if you think about our consumer economy, 70% is based on consumer spending you can't have a sustained robust recovery unless people have more money to spend and that requires the unemployment...
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Dec 8, 2012
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we go into 2013 with still a trillion dollar a deficit. the question i ask you two and president obama is what's act two? what do we do next? >> he lumped us all in together. david, you do agree with stephen an one thing. there is work to be done on curtailing inefficient spending? >> there always will be. that's shooting fish in a barrel. the best funded program we have is social security. we shouldn't talk about cutting it. health care. for every dollar the other three modern countries in the world spend per capita in comparable dollars, we spend $2.64. we still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world we could eliminate social security taxes or 80% of individual income taxes and have the same deficit. by the way, if you look at the federal budget numbers the federal budget deficit is coming way down. the economy is improving. higher taxes allow us to create jobs by investing in things that work it. if we replace foundations of granite with sand and th
we go into 2013 with still a trillion dollar a deficit. the question i ask you two and president obama is what's act two? what do we do next? >> he lumped us all in together. david, you do agree with stephen an one thing. there is work to be done on curtailing inefficient spending? >> there always will be. that's shooting fish in a barrel. the best funded program we have is social security. we shouldn't talk about cutting it. health care. for every dollar the other three modern...
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Mar 2, 2013
03/13
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moreover, besides having adverse effects on jobs and incomes, a slower recovery would lead to less actual deficit reduction in the short run for any given set of fiscal actions. >> translation, we're going in the wrong direction. 2012 was gangbusters for the market. 2013 is off to an even stronger start, though. mutual fund inflows in january were back with a vengeance. $81 billion moving into the market. low interest rates with no end in sight, courtesy of ben bernanke there and the federal reserve. consistently strong corporate profits, a weak dollar that have retail investors diving back into stocks. consumer confidence came back better than expected in february, but you have to wonder if that's based on reality. the fundamentals of our economy are still kind of weak. the latest estimate of gdp growth was atechniqnemic in the quarter of last year. only 1/10 of 1% growth in the fourth quarter? that's not good. personal incomes saw their biggest one-month drop in 20 years. but because the housing market is recovering, people are probably feeling a little bit better. consumers are spending more a
moreover, besides having adverse effects on jobs and incomes, a slower recovery would lead to less actual deficit reduction in the short run for any given set of fiscal actions. >> translation, we're going in the wrong direction. 2012 was gangbusters for the market. 2013 is off to an even stronger start, though. mutual fund inflows in january were back with a vengeance. $81 billion moving into the market. low interest rates with no end in sight, courtesy of ben bernanke there and the...
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Dec 9, 2012
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if you look at the deficit, much higher in the u.s. than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be addressed now on a comprehensive and efficient fashion. >> so what should this mean? i think i could interpret any given number, to think oh, that means we should not touch taxes for any bracts, because it's as much money as we could have in it, or this means that we need more stimulus to keep the jobs going, or i could look at the debt and say this means we need to cut spending, so what does it mean? what would you, and what globally, what would mean the most for the u.s. to do? >> you know what you sa
if you look at the deficit, much higher in the u.s. than in the euro zone, for instance, debt, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the...
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Sep 21, 2012
09/12
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in just one month, tammy baldwin turned a ne-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is "outfront." is it strictly thompson's fault and he's trying to find someone to blame it on? >> my good friend sounds like barack obama trying to blame it on somebody else. campaigns go up, campaigns go down. i'm sure tommy will be fine in the long run. i think romney's doing just fine. he's dead even with him in the polls out there. and he's pounding the president for failing to deal with the unemployment problem, 20 million americans still unemployed. unemployment over 8% and now, the president's having to defend his silly redistribution position and i think america's understanding it's ti
in just one month, tammy baldwin turned a ne-point deficit into a nine-point lead. wow, that is an 18-point spread and according to thompson, romney could be to blame. >> the presidential thing is bound to have an impact on every election, you know, whether you're a democrat or republican. if you're a standard bearer for the presidency, is that doing well, it's going to reflect on the down ballot. >> so, is thompson right to be concerned? former new hampshire governor john snu is...
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Jan 19, 2013
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there's been deficit reduction they've managed to get done in the past year. the problem, i think, is political. it's not economic. right now, congress is obviously very divided. they're not working together. they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a difference? will he have to lead differently than he did in the first time? >> he does and i think he has already learned how to. he has shown a learning curving, the way he has framed the debt ceiling debate saying he will not let america be held hostage in these negotiations. that's one of the real key questions of a second term. can you go from lucky or good to good to g
there's been deficit reduction they've managed to get done in the past year. the problem, i think, is political. it's not economic. right now, congress is obviously very divided. they're not working together. they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended...
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Feb 23, 2013
02/13
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it helps deficits but doesn't really help us with the debt problem. that's where we're at. >> and, you know, it's been the most predictable crisis, you kn know. of the last few years. i want to bring in ken rogoff and teri savage back into the conversation. you say the impact of these cuts are being overdrama tied. explain. >> what we're doing is creating a drama to cover up for the fact that congress has totally abdicated responsibility. it's like the mother shouting i'm going to give you the count of three to come down, one, two, 2 1/2. come down here. this is really important. i'm start over. one, two. this is going to go on all spring. it's not just the sequester. then the president brings his budget to congress. we haven't had a real budget in four years. then the republicans have to bring their budget at the end of march. if we don't have a budget we'll have the threat of shutdown. then they'll pass a continuing resolution. then everybody goes on spring break ins with an. by the time they come back, the 7th of april, we're facing tax day where w
it helps deficits but doesn't really help us with the debt problem. that's where we're at. >> and, you know, it's been the most predictable crisis, you kn know. of the last few years. i want to bring in ken rogoff and teri savage back into the conversation. you say the impact of these cuts are being overdrama tied. explain. >> what we're doing is creating a drama to cover up for the fact that congress has totally abdicated responsibility. it's like the mother shouting i'm going to...
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Aug 17, 2012
08/12
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the lowest obama deficit is $1 trillion. there's no doubt if there wasn't a republican congress, obama would have spent even more. now, imagine if he gets a second term. adds $5 trillion more to the national debt. america would be $20 trillion in debt. $10 trillion of of that added by one man. so from george washington -- >> you're chomping at the bit here. get in. >> you sound like you have conspiracy to bring america down. and of all the things you could say about obama, that's just not true. i'm not an obama supporter, but what you're saying is insane and wrong. >> well, you're attacking a complete straw man. we actually know that obama has a hidden agenda. obama leans over to the russian president medvedev, taps him on the thigh, and says listen mr. medvedev, i want to give you certain things about missile defense, but i need flexibility. you got to wait till after the election. obama's admitting if i told the american people now what i wanted to do, they may not vote for me. so wait till after the election, then we can
the lowest obama deficit is $1 trillion. there's no doubt if there wasn't a republican congress, obama would have spent even more. now, imagine if he gets a second term. adds $5 trillion more to the national debt. america would be $20 trillion in debt. $10 trillion of of that added by one man. so from george washington -- >> you're chomping at the bit here. get in. >> you sound like you have conspiracy to bring america down. and of all the things you could say about obama, that's...
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Nov 17, 2012
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that is why on friday i sat down with congressional leaders to discuss how to reduce our deficit in a way that strengthens our economy and protects our middle class. it was a constructive meeting and everybody agreed that while we may have our differences we need to come together and take action as soon as possible. >> for too long, partisan fighting has stopped both parties from reaching across the aisle to find common ground. that must stop. washington can't keep ducking the tough decisions, and the fiscal cliff we're headed for provides an opportunity for both sides to change our country's irresponsible spending path. >> and both sides may have to give ground to get a deal over the finish line. the white house and democrats have pushed for increase in tax rates on the wealthy. republicans have preferred to focus on closing tax loopholes and credits. >>> and fun with the u.s. olympic gymnast team. mimicking her famous not impressed look. and this quickly went viral as you may remember, a little fun with the president. >>> and plotting a mass murder, his mother alerted police. blake
that is why on friday i sat down with congressional leaders to discuss how to reduce our deficit in a way that strengthens our economy and protects our middle class. it was a constructive meeting and everybody agreed that while we may have our differences we need to come together and take action as soon as possible. >> for too long, partisan fighting has stopped both parties from reaching across the aisle to find common ground. that must stop. washington can't keep ducking the tough...
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Sep 11, 2012
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. >>> next, mitt romney says he will use loop hopes to cut tax rates for everyone and still cut the deficit. and tonight, teachers in the nation's third biggest district are on strike and were navys.e.a.l.s on a specific drug the night they killed osama bin laden? let's go "outfront." good evening, everyone. i'm erin burnett. is mitt romney raising your taxes? well, mitt romney and paul ryan say they're going to cut individual income tax rates for everyone without increasing the deficit. so in order, the campaign has said they will close tax loopholes. in a moment, we're going to show you how many of those there are, but there are a few problems with this logic, like which loophole and for which taxpayers. >> an example of a loophole you will close. >> people at the high-end are going to have fewer deductions and exceptions. >> don't voters have a right to know? >> so, mitt romney and i based on our experience is to show the framework, the outlines and then to work with congress to do this. >> their plan is to work with congress after the election to determine which loopholes to close. now,
. >>> next, mitt romney says he will use loop hopes to cut tax rates for everyone and still cut the deficit. and tonight, teachers in the nation's third biggest district are on strike and were navys.e.a.l.s on a specific drug the night they killed osama bin laden? let's go "outfront." good evening, everyone. i'm erin burnett. is mitt romney raising your taxes? well, mitt romney and paul ryan say they're going to cut individual income tax rates for everyone without increasing...
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Jan 20, 2013
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reforming immigration, reducing the deficit gun control, averting climate change, maybe iran's nuclear program. certainly you get a sense it's going to be mainly domestic. certainly if you're looking at the tick box in the first four years, i would say killing bin laden, killing gadhafi, the american help to the arab spring, although it's not without difficulty, pulling troops in iraq and setting a timetable for afghanistan, these have all been a seen that president obama would rather focus on domestic issues rather than foreign issues. >> i think that's true. and i think you see that when he takes the bully pulpit. he doesn't go out and speak well. they' had several blunders on foreign policy issues. the most recent one is a failure for america to retaliate in some meaningful or symbolic way on the death of an american ambassador in benghazi. >> interesting point. the george bush administration would have piled in there, blown things to pieces and exacted terrible retribution. that's the american way for a long time. is that the right way? would that created, however awful the inciden
reforming immigration, reducing the deficit gun control, averting climate change, maybe iran's nuclear program. certainly you get a sense it's going to be mainly domestic. certainly if you're looking at the tick box in the first four years, i would say killing bin laden, killing gadhafi, the american help to the arab spring, although it's not without difficulty, pulling troops in iraq and setting a timetable for afghanistan, these have all been a seen that president obama would rather focus on...
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Aug 19, 2012
08/12
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on the issue of the deficit, romney wants to focus on budget cuts, not tax increases. and finally, he want to help small business by revamping regulations. now let's look at paul ryan. he's known as the ideas guy certainly. and the leader of the republicans when it comes to fiscal and budgetary matters. what would you say -- what does his selection say about romney's ideas on the economy? >> well, i think that -- paul ryan's presence on the ticket maybe suggests that we're going to get away a little bit from simple -- simply criticism of president obama and more toward, you know, ryan's -- i think it's fair to call it draconian plan to balance the budget. i think that it sharpens the question -- the terms of the question that voters will be facing in the fall. we're looking at i think a clear choice between a republican administration, potential republican administration that would push us toward a smaller role for government and drastic cu in well-established government programs in an attempt to balance the budget. doesn't seem to be a tax increase. doesn't seem to be
on the issue of the deficit, romney wants to focus on budget cuts, not tax increases. and finally, he want to help small business by revamping regulations. now let's look at paul ryan. he's known as the ideas guy certainly. and the leader of the republicans when it comes to fiscal and budgetary matters. what would you say -- what does his selection say about romney's ideas on the economy? >> well, i think that -- paul ryan's presence on the ticket maybe suggests that we're going to get...
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Apr 2, 2013
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we want to talk about startling new numbers on attention deficit hyper activity disorder. the injury first. what exactly happened? >> well, it's a pretty unusual type of injury. he is obviously a big guy. he jumped far horozontally and vertically and landed in an awkward position. when you think about the leg below the knee, you are talking about two bones. the tibia and a smaller bone called the fibula. i will show you an extra. this is not his x-ray, but this is a reflective type of injury that he had. if you look there, you see the two bones and how they are broken and in that case, the tibia is protruding through the skin. you bear a lot of weight on that part of your leg. if you have an awkward jump and landing the way he did, it can happen. it's a pretty unusual thing, but that's probably the best way to describe it. >> in terms of recovery, he will play basketball seriously again? >> i think so. i talked to a few people about this. this is an unusual injury so you can't say 10,000 people. one thing that is worth pointing out is the fracture that is pretty bad. a cou
we want to talk about startling new numbers on attention deficit hyper activity disorder. the injury first. what exactly happened? >> well, it's a pretty unusual type of injury. he is obviously a big guy. he jumped far horozontally and vertically and landed in an awkward position. when you think about the leg below the knee, you are talking about two bones. the tibia and a smaller bone called the fibula. i will show you an extra. this is not his x-ray, but this is a reflective type of...
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Jan 20, 2013
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i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important for their own self-interest if they're going to have sustainable growth going forward to deal with that issue. so i think we have a common self-interest in dealing with many of the issues that we complain to each other about. >> what should be the core elements of a u.s.-china relationship going forward? >> the core elements of a cooperative u.s.-chinese partnership is in many respects in the communique issued in january 2011 by presidents obama and hu jintao of china, went to great lengths in itemizing and developing several areas to be cooperating because it sets a framework, a framework in which the word partnership is really given meaning and a framework for something unprecedented in the history of human affairs, namely, when two major powers arise, they almost never
i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important for their own self-interest if they're going to have sustainable growth going forward to deal with that issue. so i think we have a common self-interest in dealing with many of the...
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Dec 2, 2012
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how does that count -- >> it counts because it reduces the deficit. we're here trying to reduce the long-term deficit. >> they want new ones, the republicans? >> again, we're prepared to do these on the spending side. what we're not going to do is extend those tax cuts for the wealthiest americans. those cost $1 trillion over ten years. there's no possibility that we're going to find a way to get our fiscal house in order without those tax rates going back up. again, along side that we're prepared to do some very detailed things on the spending side, and we're -- >> there's no guarantee, right? didn't that say that? at least according to the read-out we got, your plan, so you can feel free to connect direct e correct me because you haven't given me a read-out of it. >> guaranteed up front measurable savings scored by sea enacted into law. the only guarantee is when congress enacts policies. >> you would be willing to go for specific things and guarantee that there would be a specific amount of cuts? >> of course, of course. >> but that's next year? >>
how does that count -- >> it counts because it reduces the deficit. we're here trying to reduce the long-term deficit. >> they want new ones, the republicans? >> again, we're prepared to do these on the spending side. what we're not going to do is extend those tax cuts for the wealthiest americans. those cost $1 trillion over ten years. there's no possibility that we're going to find a way to get our fiscal house in order without those tax rates going back up. again, along...
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Sep 8, 2012
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and the deficit. real achievable plans that will lead to new jobs, more opportunity and rebuild this onomy on a stronger foundation. that's what we can do in the next four years and that's why i'm running for a second term as president of the united states. >> mr. obama said he deserves four more years. that message was drilled home by president clinton who electrified the base with his memorable words. >> president obama started with a much weaker economy than i did. listen to me now. no president, not me, not any ofpredecessors, no one could have fully repaired all the damage he found in just four years. now -- but he has he has laid the foundations for a new modern successful economy. of shared prosperity. if you will renew the president's contract, you will feel it. you will feel it. >> mitt romney and paul ryan are making their case. they're pressing the point hard. attacking mr. obama and his policies. >> we had an economic crisis in 2008. the problem i'm saying is president obama's so-called so
and the deficit. real achievable plans that will lead to new jobs, more opportunity and rebuild this onomy on a stronger foundation. that's what we can do in the next four years and that's why i'm running for a second term as president of the united states. >> mr. obama said he deserves four more years. that message was drilled home by president clinton who electrified the base with his memorable words. >> president obama started with a much weaker economy than i did. listen to me...
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Jun 17, 2012
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so i do think that how we reduce our deficit, listen. you have republicans and democrats in both parties in both chambers now, more democrats saying they're open to the kind of entitlement reform, more republicans saying they're open to revenues. we have a great deal of confidence. the american people are going to render a verdict on the direction. we're going to make progress on some of these things building on what we've already done. >> let me ask you about the immigration decision that was made friday. and read you something from george washington university law professor jonathan turley who said the president is using executive power to do things congress has refused to do and that does fit a disturbing pattern of expansion of executive power under president obama. in many ways, he has fulfilled the dream of an imperial presidency that richard nixon strived for. this is a president who is now functioning as a super legislator. why did you "a," wait this long to do this? and "b," isn't the appropriate place to make these decisions co
so i do think that how we reduce our deficit, listen. you have republicans and democrats in both parties in both chambers now, more democrats saying they're open to the kind of entitlement reform, more republicans saying they're open to revenues. we have a great deal of confidence. the american people are going to render a verdict on the direction. we're going to make progress on some of these things building on what we've already done. >> let me ask you about the immigration decision...
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May 4, 2012
05/12
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we're all in deficits and debt and all going broke. >> hilary, very briefly. >> ari is fill bustering the discussion here. but the fact is mitt romney's plan is to increase tax cuts to give more money away. if republicans were worried about the federal budget, they would not do that. they would focus on pure spending cuts. but that's not their agenda. their agenda is to eliminate federal programs for the needy while they give friends a tax cut. >> it's called trying to achieve growth. >> appreciate it. let us know what you think. we're on facebook. follow me on twitter. i will be tweeting tonight. also the showdown with china. he escaped house arrest. left the embassy. he was forced out. now he wants to get out of china enti entirely. what is really going on and is the obama administration hanging him out to dry? we'll talk to "the new york times" and get the latest from beijing, next. it's very important to understand how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it
we're all in deficits and debt and all going broke. >> hilary, very briefly. >> ari is fill bustering the discussion here. but the fact is mitt romney's plan is to increase tax cuts to give more money away. if republicans were worried about the federal budget, they would not do that. they would focus on pure spending cuts. but that's not their agenda. their agenda is to eliminate federal programs for the needy while they give friends a tax cut. >> it's called trying to achieve...
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Sep 21, 2013
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we have a long-term debt deficit problem, but the problem is the folks in charge of fixing it. welcome to washington. a city where politicians agree on one thing. disagreeing. >> i cannot remember a time when one faction of one party promises economic chaos if it can't get 100% of what it wants. >> without an agreement on spending, the federal government shuts down midnight on october 1st. >> it is hard to imagine how thinking positive comes out of this. >> so what is driving washington to the brink of a shutdown again? some republicans pushing for a repeal of president obama's affordable care act. the president says he won't negotiate. the last federal government shutdown started in 1995, well before obama care and the tea party. >> republican leaders in washington have put ideaology. >> he has to try to create a phony argument about fantasy cuts that do not exist in order to frighten people about problems that aren't real. >> the result of the stalemate, 800,000 federal workers stayed home for five days. offices and parks closed. >> that makes us mad. real mad! >> after congr
we have a long-term debt deficit problem, but the problem is the folks in charge of fixing it. welcome to washington. a city where politicians agree on one thing. disagreeing. >> i cannot remember a time when one faction of one party promises economic chaos if it can't get 100% of what it wants. >> without an agreement on spending, the federal government shuts down midnight on october 1st. >> it is hard to imagine how thinking positive comes out of this. >> so what is...
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Nov 25, 2012
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we hear from people cut the deficit, expand medicare. we get a very inconsistent set of messages from them. no, i don't feel guilty at all, and i don't feel badly. i think -- i find there's a great commitment to solving the problem, but it gets to the specifics. i was in city hall in boston 44 years ago complaining about people who wanted a swimming pool in a neighborhood and they complaining because the dump trucks were coming in and out digging out the swimming pool and it was bothering them, and i complained to an old security council. he said, hey, kid, ain't you heard the muse? everybody wants to go to heaven, but nobody wants to die. i think that's what i get from too many of constituents. they want us to cut the deficit, but don't raise my taxes and don't cut this and don't cut that and expand this and expand that. we do our best, and i'm not troubled by our inability to do what some of the them want us to do, which is impossible. >> i'm a little troubled sometimes by the thoughtlessness of some people who are quick to criticize a
we hear from people cut the deficit, expand medicare. we get a very inconsistent set of messages from them. no, i don't feel guilty at all, and i don't feel badly. i think -- i find there's a great commitment to solving the problem, but it gets to the specifics. i was in city hall in boston 44 years ago complaining about people who wanted a swimming pool in a neighborhood and they complaining because the dump trucks were coming in and out digging out the swimming pool and it was bothering them,...
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Dec 7, 2012
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right now with the fourth year in a row, that deficit and debt continues to climb. so it doesn't really wipe it out and the challenge of it is what does that do to the overall economy. we're not just dealing with one tax increase as well. a lot of people lose track of that. the affordable care about actually begin on january 1st as well for people making $200,000 or more. or people having large medical bills. this is talking about an additional tax increase on top of that. >> what about what bill clinton said? he said once things start to get better and that's a crucial point he was making. once the economy starts to get better, taxes have to go up on the middle class. do you agree? is. >> i don't, actually. and the reason being is that right now, if you look at the real math, in 2007 and 012, we have the same amount of revenue. now, 2008 and 2009, we had a dramatic drop in federal revenues, but we've slowly climbed back up. revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference
right now with the fourth year in a row, that deficit and debt continues to climb. so it doesn't really wipe it out and the challenge of it is what does that do to the overall economy. we're not just dealing with one tax increase as well. a lot of people lose track of that. the affordable care about actually begin on january 1st as well for people making $200,000 or more. or people having large medical bills. this is talking about an additional tax increase on top of that. >> what about...
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Sep 7, 2012
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cut the deficit if half. the deficit is doubled what it was. the president has been unable to deliver on any of the promises he made when he ran for office four years ago. the idea the american people will accept the same promises again would be one that i think would be flying in the face of america's ability to understand what's in their best interest. >> the conventions are over. really the game is on. we'll hear from mitt romney in a moment. barack obama and joe biden bade fair well to charlotte. they have moved onto new hampshire. tonight it's iowa as well. jessica yellen is in iowa. what is the president saying? the big take away being the number of jobs create, way below expectations. >> reporter: the president saying that the jobs created there were private sector jobs created that the economy is growing but just not at a pace fast enough and he effectively is not satisfied with the rate of economic expansion. it's a message we heard for many months now. it's disappointing for democrats and gotten faced with disappointing job numbers. d
cut the deficit if half. the deficit is doubled what it was. the president has been unable to deliver on any of the promises he made when he ran for office four years ago. the idea the american people will accept the same promises again would be one that i think would be flying in the face of america's ability to understand what's in their best interest. >> the conventions are over. really the game is on. we'll hear from mitt romney in a moment. barack obama and joe biden bade fair well...
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Aug 15, 2012
08/12
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he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not the hope and change i thought i was going to get. i don't feel that i helped my grandchildren by voting for president obama and i regret that. americans for prosperity is responsible for the content of this advertising. and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's brin
he said he was going to cut the deficit in his first term. i've seen zero interest in reducing spending. he inherited a bad situation, but he made it worse. i think he's a great person. i don't feel he is the right leader for our country, though. i still believe in hope and change, i just don't think obama's the way to go for that. the president has not earned re -election, in 2012, in my book. i've seen his now definition of hope and change. it's not the hope and change i want, and it's not...
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Jun 19, 2012
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and it elevates the socialist pro-growth, higher deficit agenda as a model for euro land. angela merkel has been snubbed by the french in this election, which i suppose won't be the first or the last time. but it's going to have a consequences for euro land for the fiscal policy in the future. and we're going to see what hollande's agenda is. >> you've talked about being worried about france and its fiscal balance. it's one of the few countries in europe that you do have money. you do still, don't you? >> yes, we have investments in france, typically they're ten-year yields or about 2.5%. they're not what we are in italy, which are 5.5% or in spain, which are 7.5%. but they're at 2.5%. and they could go either way, depending upon whether or not this growth agenda is successful. >> but it's people like you and your investors -- a lot of americans, we always talk about it -- have money with pimco. you're going to make a decision on whether you are going to pay for some of francois hollande's promises. so what's your verdict? if you really see him going in the direction of a
and it elevates the socialist pro-growth, higher deficit agenda as a model for euro land. angela merkel has been snubbed by the french in this election, which i suppose won't be the first or the last time. but it's going to have a consequences for euro land for the fiscal policy in the future. and we're going to see what hollande's agenda is. >> you've talked about being worried about france and its fiscal balance. it's one of the few countries in europe that you do have money. you do...
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Aug 12, 2013
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attention deficit and hyperactivity. the self injury, banging her head on the floor and pulling her hair out. like a possessed child. this isn't your happy charlotte. >> it was a race against time. many gervais kids die young, in early childhood. charlotte was almost 3. for the next two years, the figgies tried everything. strange diets, acupuncture, and dozens of powerful drugs like valium, at van, phenobarbital, but nothing seemed to help. even worse, some of the medications nearly killed her. >> after one dose, she stops breathing. and after two doses, her heart will stop. >> did you have to do cpr on her yourself? >> yes. i remember when her heart stopped and i had her pulse and i lost her pulse. there was nothing. the ambulance is on her way. >> she survived. >> you're okay. mommy is here. >> but that was fall of 2011. and charlotte was 5 years old. >> when things were at their worst, she just seizes all night. and the kids are sleeping in my room or next door. they can hear the seizure scream all night, 50 times a
attention deficit and hyperactivity. the self injury, banging her head on the floor and pulling her hair out. like a possessed child. this isn't your happy charlotte. >> it was a race against time. many gervais kids die young, in early childhood. charlotte was almost 3. for the next two years, the figgies tried everything. strange diets, acupuncture, and dozens of powerful drugs like valium, at van, phenobarbital, but nothing seemed to help. even worse, some of the medications nearly...
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Oct 5, 2012
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the federal government posted more than a $1 trillion deficit in the last fiscal year according to new estimates by the congressional budget office. that makes the fourth straight year of illion dollar shortfalls. the total national debt now tops $16 trillion. and the curiosity rover is preparing to scoop up soil samples on the red planet. beginning tomorrow the curiosity will use the robotic scoop to dig into the ground on mars. scientists will use the sandy soil to scrub the hardware clean. and that should clear the way for future testing of sediment to see if life possibly once exisd onmars. i know a lot of people are fascinated by this. so we're going to see what comes of those soils,wolf. >> i'm looking forward to . >> me too. >>> coming up,oe-night comedy it'setting political. >> president obama said the thg about being president is learning to say no. yeah. cily when somee asks, do you feelÑs ready for this debat? . corners wit eal r chchedda. but then.it wouldn't be m cheese. just one of over 70 satisfying recipes for one from stouffer's. ♪ atmix of energies.ve the world nee
the federal government posted more than a $1 trillion deficit in the last fiscal year according to new estimates by the congressional budget office. that makes the fourth straight year of illion dollar shortfalls. the total national debt now tops $16 trillion. and the curiosity rover is preparing to scoop up soil samples on the red planet. beginning tomorrow the curiosity will use the robotic scoop to dig into the ground on mars. scientists will use the sandy soil to scrub the hardware clean....
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Nov 28, 2012
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that's about 40% of the $4 trillion deficit goal that we have. that's the same thing that simpson-bowles had, 40% revenue. so the only way you can reach that, incidentally, is to allow the rates to go up. just this idea of we're going to take a look at the tax code, change some credits and deductions, you can't come up with enough money. >> so any deal will have to include at least some hike in the tax rate. >> i don't think there's any other way to approach it. that's why the president has taken this position. if we're going to make sure, for example, that we spare families making $250,000 a year or less from any income tax increase, then this idea that we're going to go into the tax code and find $1.6 trillion over ten years becomes almost impossible. we need to protect those middle income families. >> you said today that congress should deal with the fiscal cliff crisis now, but tackle entitlements, the entitlement questions, later. yesterday, senator lamar alexander said the only thing the president has to do to get an agreement from republic
that's about 40% of the $4 trillion deficit goal that we have. that's the same thing that simpson-bowles had, 40% revenue. so the only way you can reach that, incidentally, is to allow the rates to go up. just this idea of we're going to take a look at the tax code, change some credits and deductions, you can't come up with enough money. >> so any deal will have to include at least some hike in the tax rate. >> i don't think there's any other way to approach it. that's why the...
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Oct 4, 2012
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mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem in both of these claims is a lack of specifics. what the president is assuming, the reason we said false on his claim, he basically is assuming if he just did a tax cut and nothing else, then it would include this giant amount of tax breaks for people out there. but that's what mr. romney is saying he won't do. he's saying he has all these specifics in terms of cutting deductions, finding ways of closing loopholes so that people would pay more and there wouldn't be this giant tax cut but he wouldn't say what that would be. this lack of
mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the...
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Nov 8, 2017
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that will add to the deficit. how is it possible when senator mcconnell says this not add to the deficit at all. >> are you confident that is accurate? >> congress will have to decide in five years whether they keep this enhanced family credit. we've doubled the number of americans who get help for the first time with the child tax credit. the new family credit adds even more features to it. we think that's important. we've sunseted it in five years so congress can look at the impact. i'm hopeful they'll take a look at it in a positive way. we're going to give them that option. >> more detailed question. individual mandate raises a lot of money and commingles health care in with tax reform. you haven't said where that's going. will that end up in this bill? >> no decisions have been made. we saw one of the scores today from the congressional budget office about it. we asked for a score what it would do related to tax reform. we're listening to members. certainly listening to the president and others. no decision h
that will add to the deficit. how is it possible when senator mcconnell says this not add to the deficit at all. >> are you confident that is accurate? >> congress will have to decide in five years whether they keep this enhanced family credit. we've doubled the number of americans who get help for the first time with the child tax credit. the new family credit adds even more features to it. we think that's important. we've sunseted it in five years so congress can look at the...
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Jun 3, 2012
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those won't be large deficits. the very big deficits that the country should be very afraid of are the deficits that are coming in the next decade and the decade after that, and there we do have time for gradual adjustment, but, no, we shouldn't tolerate enormous deficits today. my point is we simply don't have to make huge changes in our entitlement programs today. we can do those gradually. we do have time. we don't have time if we wait four more years. >> when we come back, why china has a problem with america's human rights record? i'll explain. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement plan based on ttd#: 1-800-345-2550 a predetermined script. ttd#: 1-800-345-2550 to understand you and your goals... ttd#: 1-800-345-2550 ...so together
those won't be large deficits. the very big deficits that the country should be very afraid of are the deficits that are coming in the next decade and the decade after that, and there we do have time for gradual adjustment, but, no, we shouldn't tolerate enormous deficits today. my point is we simply don't have to make huge changes in our entitlement programs today. we can do those gradually. we do have time. we don't have time if we wait four more years. >> when we come back, why china...
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Mar 18, 2012
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britain had an 11% budget deficit two years ago. the plan we've put in place is bringing that deficit down and borrowing is coming down. but even with that, we still have one of the highest budget deficits in the world. we've got to keep up the pace in order to provide the stability the british economy needs and the low interest rates the british economy needs to allow the recovery to take hold. so i think it would be a big mistake if britain backed off the credibility its earned in the international markets. >> but you know there are people very serious economic commentators like martin wolf who say you had no trouble borrowing money going into your government and that by cutting government spending, you've actually reduced economic growth which, in turn, has led to lower tax revenues which, in turn, has led to a deficit projection than you might have had. many people look at britain as a test case of too much austerity too soon. >> well, i don't agree with that analysis. i guess that wouldn't surprise you. i would say we had to ea
britain had an 11% budget deficit two years ago. the plan we've put in place is bringing that deficit down and borrowing is coming down. but even with that, we still have one of the highest budget deficits in the world. we've got to keep up the pace in order to provide the stability the british economy needs and the low interest rates the british economy needs to allow the recovery to take hold. so i think it would be a big mistake if britain backed off the credibility its earned in the...
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Feb 20, 2012
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japan has just posted a record trade deficit, a monthly trade deficit, $19 billion. that was much worse than anal t analysts expected. the ministry of finance says exports were down 9.3% in january compared with the year earlier. the main reason was the continued strength of the yen which slammed japanese exports to the u.s. and europe. while exports were falling, imports were jumping by nearly 9.8%, mostly in the form of oil and gas to compensate for the loss of nuclear power in the wake of fukushima daiichi nuclear disasters. the yen weakened but is gaining once again. over the past 12 months or so, the yen up 8% against the euro and nearly 4.5% against the u.s. dollar. these are coming from a strong base, too. so the yen gets ever stronger which makes it ever less competitive for the japanese exporters. the yen is also becoming a strong deterrent for foreign companies operating in japan. for the second consecutive year for wren direct investment showed a net out flow as more overseas companies pulled out of japan. the 2.3 billion outflow is the second highest sinc
japan has just posted a record trade deficit, a monthly trade deficit, $19 billion. that was much worse than anal t analysts expected. the ministry of finance says exports were down 9.3% in january compared with the year earlier. the main reason was the continued strength of the yen which slammed japanese exports to the u.s. and europe. while exports were falling, imports were jumping by nearly 9.8%, mostly in the form of oil and gas to compensate for the loss of nuclear power in the wake of...
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Feb 10, 2013
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you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles-simpson was all about, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health care. and that is something we have to do. i think the president could get some things if, in fact, he addressed some of these longer term issues but he walked away from that and there's no confidence that he really cares about it. >> let's talk about common -- noneconomic things. i would have thought y
you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think...
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Dec 4, 2012
12/12
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so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on and there is an impasse, obviously. at this point you have the white house saying they're not going to discuss specifics on entitlement reform with house republicans until they capitulate on increasing the income tax rates for wealthy americans. so there is an impasse but there's a lot of posturing. the offer of the white house details of which came out last week, and now this counteroffer from house republicans out yesterday. so i think the policy prescriptions here are pretty clear on what has to be done, although both sides are very far apart. if you just listen to what's going
so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on...
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May 20, 2012
05/12
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i'm serious about the long run deficit. they are not. >> you would be willing to cut medicare and medicaid? >> yeah. the way you do it, though, is nott by cutting the guarantee of health care. the way we do it is by finding cost savings, by saying we will not pay for medical procedures that have no medical benefit, and maybe we will start to look at procedures which generate tiny medical benefit at a huge cost and don't pay for that. we talk about restructuring the way that we pay for medical care. a lot of which is actually in the affordable care act in obama care, but we need more of that, but that's how do you it. >> all this said and done, are you enthusiastic about president obama? you were not for him in the democratic primary four years ago? >> i mean, we're a long way past. where i think enthusiasm is the appropriate emotion for anything here. he has learned a lot, and his heart has always been in the right place. i believe his head is now in the right place, and you certainly -- of course, i can't do endorsements.
i'm serious about the long run deficit. they are not. >> you would be willing to cut medicare and medicaid? >> yeah. the way you do it, though, is nott by cutting the guarantee of health care. the way we do it is by finding cost savings, by saying we will not pay for medical procedures that have no medical benefit, and maybe we will start to look at procedures which generate tiny medical benefit at a huge cost and don't pay for that. we talk about restructuring the way that we pay...
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Oct 13, 2012
10/12
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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why not get buried in something other than work? get two times the points on travel, with chase sapphire preferred. >>> dieters, i guess everybody. >> we're always on a diet somewhere. >> what if i told you could lose weight and still have all the foods you love. i know it sounds too good to be true. >> that's exactly what mark mcdonald teaches. so, we sent mark to the grocery store to show us how with moderation you really can have it all. >> so, right now i'm going to edgeicate you, we're going to educate you as we shop with lexi here how to get the foods that you love quickly, efficiently and affordable. when you look at veggies. you want to get a variety of colors because each vegetable provides you with a different level of antioxidants that help protect your selves and keep your bodies healthy. choose the fruits that you love. make sure that they look fresh and, remember, just get enough that will las
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why not get buried in something other than work? get two times the points on travel, with chase sapphire preferred. >>> dieters, i guess everybody. >> we're always on a diet somewhere. >> what if i told you could lose weight and still have all the foods you love. i know it sounds too good to be...
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Oct 21, 2012
10/12
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decision based upon the economy, on jobs, on the debt, and very concerned about the trillion dollar deficits run up by this administration. what that means for our future. health care. very concerned about government's role when it comes to health care, but we're seeing these polls closes, and, you know what, i think they're seeing governor romney unfiltered in the debates. they're seeing him and his record when it comes to women. the fact that he hired half of his cabinet were women. he had a lieutenant governor, chief of staff. he has made a commitment to promoting women in his administration. you know what, and i predict that the republicans are going to win the women's vote in 2012. >> well, that is certainly not true. >> the fact of the matter is that president obama has actually demonstrated by his record. he signed the first bell that he signed into law was the lily ledbetter fair pay act, and to this day mitt romney still cannot say i support equal pay for equal work. he was asked really clearly during that last debate, and he punted yet again. what they also see is that women care a
decision based upon the economy, on jobs, on the debt, and very concerned about the trillion dollar deficits run up by this administration. what that means for our future. health care. very concerned about government's role when it comes to health care, but we're seeing these polls closes, and, you know what, i think they're seeing governor romney unfiltered in the debates. they're seeing him and his record when it comes to women. the fact that he hired half of his cabinet were women. he had a...
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Apr 15, 2012
04/12
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the issue is that an important component of an overall deficit reduction plan? and the reason why i think it is is because people in our country are absolutely willing to sacrifice if they believe we're all in it together, there's shared sacrifice. when you look at the house republican budget, they're willing to cut medicaid for people with disabilities, poor children, people in nursing homes by one-third, 10 years from now, by $810 billion, and then at the same time they won't raise one penny in revenues. they'll actually have tax cuts that could give the typical millionaire $150,000. that breaks that kind of social compact. and we're not going to put those types of burdens on the most vulnerable people in our society just so we can keep people who are making over $1 million from contributing even a single penny to deficit reduction, which i think quite a lot of them are more than willing to do as part of a balanced, pro-growth, pro-deficit reduction package. >> but you don't have a tax reform plan, and the president has never proposed one. are you going to pro
the issue is that an important component of an overall deficit reduction plan? and the reason why i think it is is because people in our country are absolutely willing to sacrifice if they believe we're all in it together, there's shared sacrifice. when you look at the house republican budget, they're willing to cut medicaid for people with disabilities, poor children, people in nursing homes by one-third, 10 years from now, by $810 billion, and then at the same time they won't raise one penny...